Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 3.83 Billion

CAGR (2023-2028)

9.63%

Fastest Growing Segment

Vacuum Degasser

Largest Market

North America


Market Overview

Global Solid Control Equipment Market was valued at USD 3.83 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.63% through 2028, factors such as increasing demand for energy and growing concerns regarding the safety and environmental impact of drilling and waste management are expected to drive the global market.

Key Market Drivers

Growing Oil and Gas Exploration Activities

The global solid control equipment market is poised for significant growth, largely driven by the burgeoning oil and gas exploration activities worldwide. This surge in exploration activities is being fueled by several compelling factors, each contributing to the escalating demand for solid control equipment. First and foremost, the oil and gas industry remain a major driving force behind drilling and exploration operations. With the ever-increasing global energy demand, there is an ongoing need to discover and tap into new hydrocarbon reserves. Consequently, both onshore and offshore drilling activities have experienced substantial growth. Solid control equipment is essential in these operations as it plays a crucial role in maintaining drilling efficiency and mitigating risks associated with drilling fluids and cuttings.

Technological advancements in the oil and gas sector have also accelerated exploration efforts. Enhanced drilling techniques, such as horizontal drilling and hydraulic fracturing, have become increasingly prevalent, resulting in more extensive drilling operations. These advanced drilling methods generate a greater volume of drilling waste, emphasizing the importance of efficient solids control systems to manage drilling fluids effectively. Furthermore, the global demand for natural gas, especially in the context of cleaner energy alternatives, has prompted an uptick in shale gas exploration. Shale gas extraction involves intensive drilling and hydraulic fracturing processes, where solid control equipment is instrumental in maintaining drilling fluid properties and separating solids from liquids.

Environmental considerations are another significant factor driving the adoption of solid control equipment. Stringent environmental regulations mandate the responsible management of drilling waste, making it imperative for oil and gas companies to invest in solid control systems to ensure compliance with these regulations and minimize their environmental impact. Additionally, the ongoing global economic growth and urbanization have led to an increase in infrastructure development projects. These projects often require drilling and excavation for foundations, utilities, and tunnels. As such, solid control equipment is in demand to manage drilling fluids efficiently in these construction and infrastructure development activities. In conclusion, the growing oil and gas exploration activities, driven by energy demand, technological advancements, and environmental regulations, are key drivers of the global solid control equipment market. As these exploration efforts continue to expand, the demand for efficient solids control systems is expected to remain robust, providing crucial solutions for managing drilling fluids and contributing to the overall efficiency and sustainability of drilling operations.

Environmental Regulations

Environmental regulations are emerging as a powerful driver in shaping the growth trajectory of the global solid control equipment market. These regulations, which are increasingly stringent and comprehensive, are compelling industries involved in drilling and excavation operations to prioritize environmental responsibility and sustainability. As a result, the demand for solid control equipment is experiencing a significant upswing for several compelling reasons. One of the primary reasons is the pressing need for responsible waste management. Environmental regulations require industries to manage drilling fluids, cuttings, and other waste materials generated during drilling operations in an environmentally friendly manner. Solid control equipment plays a pivotal role in achieving this goal. These systems effectively separate drilling fluids from cuttings, allowing for the recycling and reuse of valuable drilling fluids while minimizing the environmental impact associated with waste disposal.

Additionally, environmental regulations often mandate the reduction of harmful emissions and the prevention of soil and water contamination. Solid control equipment contributes to this by ensuring that drilling fluids are properly treated and cleaned, preventing contamination of groundwater and soil. This proactive approach aligns with regulatory requirements and helps industries avoid costly fines and penalties. Furthermore, the drive towards sustainability is encouraging the adoption of environmentally responsible practices. Solid control equipment allows industries to minimize their environmental footprint by reducing the consumption of drilling fluids and the need for new resources. This not only supports compliance with regulations but also aligns with the broader societal goals of reducing resource consumption and conserving natural ecosystems.

The global shift towards renewable energy sources, such as geothermal and wind power, also falls under the purview of environmental regulations. Drilling activities associated with these energy sources require solid control equipment to ensure responsible waste management and compliance with stringent environmental standards. In conclusion, environmental regulations are exerting a profound influence on the global solid control equipment market. They are driving industries to adopt environmentally responsible practices in drilling and excavation operations, making solid control equipment an essential component of compliance and sustainability efforts. As these regulations continue to evolve and expand, the demand for efficient solid control equipment is expected to grow, further solidifying its pivotal role in environmentally conscious industrial practices.

Increasing Drilling Operations

The increasing drilling operations across various industries worldwide are poised to be a significant driving force behind the growth of the global solid control equipment market. This surge in drilling activities can be attributed to several factors, each of which contributes to the escalating demand for solid control equipment. First and foremost, the oil and gas industry remain a major driver of drilling operations. As the world's energy demand continues to rise, exploration and production activities have expanded to tap into new reserves. Offshore and onshore drilling activities have become more prevalent, necessitating the use of solid control equipment to manage drilling fluids effectively. This equipment helps separate valuable drilling fluids from cuttings, ensuring that drilling operations remain efficient and cost-effective.

Additionally, the construction and mining sectors are experiencing robust growth globally. The construction of infrastructure, such as roads, bridges, tunnels, and buildings, requires extensive drilling and excavation, driving the demand for solid control equipment. Similarly, the mining industry relies heavily on drilling to extract minerals and resources from the Earth's crust, further boosting the need for efficient solids control systems. Technological advancements in solid control equipment have enhanced their efficiency and reliability. These innovations make these systems more attractive to industries seeking to optimize their drilling processes. The adoption of cutting-edge technologies in the solid control equipment sector, such as automation and digital monitoring, improves overall operational efficiency, reducing downtime and costs associated with drilling operations.

Moreover, environmental regulations have become increasingly stringent across the globe. This has led to heightened concerns about environmental sustainability and the responsible management of drilling waste. Solid control equipment plays a crucial role in mitigating the environmental impact of drilling activities by ensuring that drilling fluids and cuttings are properly managed and disposed of, in compliance with regulatory standards. In conclusion, the surge in drilling operations across industries like oil and gas, construction, mining, and geothermal energy, coupled with technological advancements and environmental compliance requirements, is fueling the demand for solid control equipment on a global scale. As these trends continue, the solid control equipment market is poised for sustained growth, providing essential solutions for managing drilling fluids and contributing to more efficient and environmentally responsible drilling operations.

 

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Key Market Challenges

Cyclic Nature of the Oil and Gas Industry

The cyclic nature of the oil and gas industry represents a significant challenge for the global solid control equipment market. This industry's inherent volatility, characterized by fluctuations in oil prices, exploration activity, and drilling investments, has a direct and profound impact on the demand for solid control equipment. Below, we delve into how this cyclicality hampers the growth and stability of the solid control equipment market, Price Volatility and Investment Uncertainty: The price of oil is highly susceptible to various factors, including geopolitical tensions, supply and demand dynamics, and global economic conditions. When oil prices experience sharp declines, oil and gas companies often respond by cutting their exploration and drilling budgets. This, in turn, reduces the need for solid control equipment, as drilling operations slow down or are postponed. The uncertainty surrounding these price fluctuations can deter companies from making long-term investments in solid control equipment.

Delayed Projects and Reduced Demand: During periods of low oil prices, exploration and drilling projects are often delayed or canceled altogether. This directly impacts the demand for solid control equipment, as fewer drilling operations are in progress. Companies may opt to utilize their existing equipment for longer periods rather than investing in new systems, further dampening market demand. Impact on Investment Decisions: Oil and gas companies' investment decisions are closely tied to the prevailing price of oil. When prices are high, they are more willing to invest in exploration and drilling activities, driving the need for solid control equipment. Conversely, when prices are low, companies become more cautious, leading to reduced investments and less equipment procurement.

Supply Chain and Manufacturing Challenges: The cyclicality of the oil and gas industry can result in supply chain disruptions and manufacturing challenges for solid control equipment manufacturers. Fluctuations in demand can make it difficult for manufacturers to maintain steady production schedules, leading to inefficiencies and potential financial strain during downturns. Investment Risk: Solid control equipment manufacturers may face heightened financial risk due to the cyclicality of their primary market. A downturn in the oil and gas sector can lead to decreased orders and revenue, making it challenging for these companies to sustain their operations and innovation efforts.

In conclusion, the cyclic nature of the oil and gas industry poses a substantial challenge to the global solid control equipment market. The industry's reliance on oil prices, coupled with the resulting uncertainty in exploration and drilling investments, creates a volatile environment that impacts the demand, investment decisions, and financial stability of both equipment manufacturers and end-users. Navigating these challenges requires adaptability, diversification, and a keen awareness of market dynamics within the oil and gas sector.

High Initial Costs

The high initial costs associated with solid control equipment can pose a significant challenge to the global market. Solid control equipment is essential for the efficient management of drilling fluids and cuttings in industries such as oil and gas, construction, mining, and geothermal energy. While it offers several benefits, the substantial upfront investment required for procurement and installation can deter potential buyers and hinder market growth. Here's how high initial costs impact the global solid control equipment market, Capital Intensity: Solid control equipment represents a substantial capital expenditure for companies involved in drilling and excavation activities. The equipment includes various components such as shale shakers, mud cleaners, centrifuges, and pumps, and the cost of assembling and installing these systems can be substantial. Smaller companies, startups, or those with limited budgets may find it challenging to make such significant investments.

Budget Constraints: Companies often have strict budgets allocated for equipment and operational expenses. The high initial costs of solid control equipment can strain these budgets, leading to difficult financial decisions and potentially delaying or limiting equipment purchases. This, in turn, can impact the efficiency and effectiveness of drilling operations.

Cost-Benefit Analysis: Potential buyers must conduct a thorough cost-benefit analysis before investing in solid control equipment. While the long-term benefits of reduced drilling fluid consumption, improved drilling efficiency, and compliance with environmental regulations are significant, some companies may struggle to justify the upfront costs, especially if they do not anticipate continuous or extensive drilling operations. Market Entry Barriers: The high entry costs can serve as a barrier to market entry, particularly for new and emerging companies seeking to compete in the solid control equipment sector. Established players with the financial resources to invest in equipment production and research and development may dominate the market, limiting competition and innovation.

Global Economic Conditions: Economic factors, such as economic downturns, recessions, or financial crises, can further exacerbate the challenges posed by high initial costs. During periods of economic uncertainty, companies may delay or scale back their investments in solid control equipment, impacting market demand. To address the challenge of high initial costs, industry stakeholders, including equipment manufacturers and service providers, may explore strategies such as offering financing options, leasing arrangements, or rental services. Additionally, raising awareness about the long-term benefits of solid control equipment, including cost savings and environmental compliance, can help potential buyers see the value in making these investments. Ultimately, finding ways to reduce the upfront financial burden associated with solid control equipment can contribute to its wider adoption and sustained market growth.

Environmental and Regulatory Compliance

Environmental and regulatory compliance represents a significant challenge for the global solid control equipment market. While these regulations are crucial for promoting responsible and sustainable drilling practices, they can also pose obstacles for manufacturers and end-users of solid control equipment. Here's how environmental and regulatory compliance can hamper the growth and operations of the global solid control equipment market, Complex and Evolving Regulations: Environmental regulations governing drilling and excavation activities are often complex and subject to frequent changes and updates. Companies must invest time and resources in staying informed about evolving compliance requirements, which can vary by region and jurisdiction. This complexity can lead to compliance challenges and increased compliance costs.

High Compliance Costs: Achieving and maintaining compliance with environmental regulations can be costly. Solid control equipment manufacturers must invest in research and development to ensure their products meet regulatory standards. End-users, such as drilling companies, must implement systems and practices that adhere to these standards. These costs can deter smaller players and new entrants from participating in the market. Operational Limitations: Compliance with environmental regulations often imposes operational limitations on drilling and excavation activities. For example, regulations may dictate the volume and composition of drilling waste that can be discharged or require the use of specific equipment and technologies for waste management. These limitations can affect drilling efficiency and productivity.

Environmental Impact Assessments: In many regions, environmental impact assessments are mandatory before commencing drilling operations. These assessments can cause delays and add administrative burdens, as companies must obtain permits and demonstrate their commitment to minimizing environmental harm. The additional paperwork and procedural requirements can be time-consuming and costly. Risk of Non-Compliance: Non-compliance with environmental regulations can result in fines, legal actions, reputational damage, and project delays. This risk encourages companies to invest in solid control equipment and practices that ensure compliance, but it also increases the overall cost of doing business in the industry. Varied Global Standards: Environmental and regulatory compliance standards can vary significantly from one region or country to another. Companies operating in multiple jurisdictions must navigate this complexity and tailor their practices and equipment to meet diverse standards, adding complexity and costs to their operations.

Consumer and Public Pressure: Increasing awareness of environmental issues and concerns about sustainable practices can result in public pressure and consumer demand for responsible and eco-friendly drilling operations. Companies that fail to meet these expectations may face backlash and reputational damage. In conclusion, while environmental and regulatory compliance is essential for protecting the environment and ensuring sustainable drilling practices, it presents substantial challenges to the global solid control equipment market. Manufacturers and end-users must navigate a complex regulatory landscape, manage compliance costs, and adapt their operations to meet evolving standards. Balancing these compliance requirements with cost-effective and efficient drilling practices is a critical challenge facing the industry.

Key Market Trends

Environmental Sustainability

Environmental sustainability is emerging as a powerful driving force behind the growth of the global solid control equipment market. This fundamental trend reflects the increasing importance of responsible and eco-friendly practices across industries, particularly in drilling and excavation operations. One of the primary factors propelling the market is the stringent environmental regulations that govern drilling activities. As authorities worldwide implement stricter standards to mitigate environmental impact, solid control equipment has become a critical solution for industries to comply with these regulations. These systems effectively manage drilling fluids and cuttings, reducing the risk of soil and water contamination, and ensuring that drilling operations align with environmental protection mandates.

Furthermore, companies are increasingly recognizing the long-term benefits of environmental sustainability. By investing in solid control equipment, businesses can reduce waste generation, minimize the environmental footprint of their operations, and contribute to a cleaner and more sustainable future. This alignment with sustainability goals not only enhances corporate reputations but also resonates with consumers and investors who prioritize environmentally responsible practices. The pursuit of environmental sustainability in drilling operations is not limited to regulatory compliance. It is also driven by the desire to optimize resource utilization, reduce operational costs, and foster a culture of responsible stewardship. Solid control equipment plays a pivotal role in achieving these goals, making it a central component of sustainable drilling practices across industries, from oil and gas to construction and mining. As the global focus on environmental sustainability continues to intensify, the demand for efficient solid control equipment is expected to grow, cementing its position as a key driver in the global market.

Waste Reduction and Recycling

Waste reduction and recycling initiatives are emerging as powerful drivers behind the growth of the global solid control equipment market. This trend is being fueled by increasing environmental awareness, stringent regulations, and the economic advantages associated with responsible waste management. Solid control equipment plays a pivotal role in waste reduction and recycling within industries such as oil and gas, construction, mining, and geothermal energy. These systems efficiently separate drilling fluids from drilling cuttings and other solids, allowing for the recycling and reuse of valuable drilling fluids while minimizing waste generation.

One of the primary benefits of waste reduction and recycling in drilling operations is cost savings. By recycling drilling fluids, companies can significantly reduce their fluid procurement costs and minimize the expenses associated with disposing of drilling waste. This cost-efficiency makes solid control equipment a cost-effective investment, as it not only pays for itself but also contributes to long-term operational savings. Moreover, responsible waste management aligns with stringent environmental regulations and sustainability goals. Companies are under increasing pressure to minimize their environmental footprint and comply with regulatory requirements related to waste disposal. Solid control equipment enables businesses to meet these expectations by efficiently managing drilling waste, reducing the risk of environmental damage, and ensuring compliance with evolving environmental standards. As global industries continue to prioritize waste reduction and recycling for both economic and environmental reasons, the demand for efficient solid control equipment is poised to grow steadily, making it an integral component of sustainable drilling practices across various sectors.

Segmental Insights

Location of Deployment Insights

The Offshore segment holds a significant market share in the Global Solid Control Equipment Market. Solid control equipment is used in the oil & gas upstream sector to separate the solid particles of the drilling fluid. The activity helps a drilling operator reuse the drilling fluid without disposing of it in the environment.

Solid control equipment consists of several processes. The most widely used are shale shaker, desander, desilter, and vacuum degassers. A centrifuge is another process in the solid control equipment primarily used to segregate solid particles of around 5 microns. As of December 2022, there are nearly 623 active offshore drilling rigs worldwide. With active participation from countries like Brazil concentrating more on offshore activities due to its high presence of hydrocarbon reserves in offshore locations, the sector is likely to grow significantly during the forecast period.

 

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Regional Insights

North America plays a significant role in the global Solid Control Equipment market, North America is a leading region with a significant presence in the oil & gas industry. The region is the second-largest contributor of crude oil after the Middle East. North America contributed to around 26.6% of global crude production during 2021.

With the increasing number of oil & gas projects in countries such as the United States, Canada, and Mexico, the region is likely to witness robust growth in the coming years. The United States is one of the largest producers of crude oil and natural gas, accounting for around 18.5% and 23.1% of global production, respectively, in 2021.

The United States has one of the largest, technically recoverable shale gas reserves and the second-largest tight oil reserves in the world. The technological developments in hydraulic fracturing have supported the oil & gas drilling activities in the onshore region, resulting in high demand for solid control equipment.

Recent Developments

  • January 2023: Sarawak Shell Berhad awarded SLB a long-term integrated drilling services (LTIDS) contract for the exploration and development of offshore wells. The LTIDS will deliver solutions via technology, synergy, and simplification of processes across multiple business lines with a contract scope that encompasses drilling services and products inclusive of drilling and measurement, electrical wireline, drilling fluids, solids control, cementing, casing drilling, bits, mud logging, and management of third-party subcontractors.
  • November 2022: Abu Dhabi National Oil Company (ADNOC) announced the award of three framework agreements valued at USD 4 billion for integrated drilling fluids services (IDFS) to support the continuous expansion of its lower-cost and lower-carbon-intensive production capacity as it responds to growing global demand for energy. Some of these services include products, engineering, technical laboratory support, filtration equipment, and solid control equipment.

Key Market Players

  • Schlumberger Limited
  • Halliburton Company
  • Weatherford International Plc
  • Baker Hughes Company
  • GN Solids Control
  • Derrick Corporation
  • KES Energy Equipment Manufacturing Hebei Co. Ltd
  • China Petroleum Technology & Development Corporation (CPTDC)
  • KOSUN Machinery Co. Ltd

By Type

By Location of Deployment

By Region

  • Shale Shaker
  • Desander
  • Desilter
  • Vacuum Degasser
  • Centrifuge
  • Other
  • Onshore
  • Offshore
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Asia Pacific

           

Report Scope:

In this report, the Global Solid Control Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Solid Control Equipment Market, By Type:

o   Shale Shaker

o   Desander

o   Desilter

o   Vacuum Degasser

o   Centrifuge

o   Other  

  • Global Solid Control Equipment Market, By Location of Deployment:

o   Onshore

o   Offshore    

  • Global Solid Control Equipment Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Solid Control Equipment Market.

Available Customizations:

Global Solid Control Equipment Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Solid Control Equipment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Solid Control Equipment Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Shale Shaker, Desander, Desilter, Vacuum Degasser, Centrifuge, and Other)

5.2.2.    By Location of Deployment (Onshore and Offshore)

5.2.3.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Solid Control Equipment Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Location of Deployment

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Solid Control Equipment Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Location of Deployment

6.3.2.    Canada Solid Control Equipment Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Location of Deployment

6.3.3.    Mexico Solid Control Equipment Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Location of Deployment

7.    Asia-Pacific Solid Control Equipment Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Location of Deployment

7.2.3.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Solid Control Equipment Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Location of Deployment

7.3.2.    India Solid Control Equipment Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Location of Deployment

7.3.3.    Japan Solid Control Equipment Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Location of Deployment

7.3.4.    South Korea Solid Control Equipment Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Location of Deployment

7.3.5.    Indonesia Solid Control Equipment Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Location of Deployment

8.    Europe Solid Control Equipment Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Location of Deployment

8.2.3.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Solid Control Equipment Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Location of Deployment

8.3.2.    United Kingdom Solid Control Equipment Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Location of Deployment

8.3.3.    France Solid Control Equipment Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Location of Deployment

8.3.4.    Russia Solid Control Equipment Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Location of Deployment

8.3.5.    Spain Solid Control Equipment Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Location of Deployment

9.    South America Solid Control Equipment Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Location of Deployment

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Solid Control Equipment Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Location of Deployment

9.3.2.    Argentina Solid Control Equipment Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Location of Deployment

10. Middle East & Africa Solid Control Equipment Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Location of Deployment

10.2.3. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1.  Saudi Arabia Solid Control Equipment Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Location of Deployment

10.3.2. South Africa Solid Control Equipment Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Location of Deployment

10.3.3. UAE Solid Control Equipment Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Location of Deployment

10.3.4. Israel Solid Control Equipment Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Location of Deployment

10.3.5. Egypt Solid Control Equipment Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Location of Deployment

11. Market Dynamics

11.1.   Drivers

11.2.   Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             Schlumberger Limited   

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.             Halliburton Company

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             Weatherford International Plc  

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.             Baker Hughes Company   

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.             GN Solids Control  

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             Derrick Corporation  

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             KES Energy Equipment Manufacturing Hebei Co. Ltd   

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             China Petroleum Technology & Development Corporation (CPTDC)  

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.             KOSUN Machinery Co. Ltd

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

14. Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Solid Control Equipment Market was USD 3.83 Billion in 2022.

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The Offshore was the dominant segment in the Global Solid Control Equipment Market in 2022.

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Due to the Russo-Ukrainian War, global economic slowdown or delays of oil and gas projects are likely to hinder market growth during the forecast period.

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Increasing demand for energy and growing concerns regarding the safety and environmental impact of drilling and waste management are expected to drive the global market.

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Parvati Sharma

Account Manager BD
Press Release

Offshore Sector is Expected to Dominate the Global Solid Control Equipment Market

Nov, 2023

Increasing demand for energy and growing concerns regarding the safety and environmental impact of drilling and waste management are major factor attributable to the growth of the market.